Daily News: July 16, 2012

WFCF Provides PO Facility to Women’s Apparel Manufacturer/Importer

The Purchase Order Finance Group at Wells Fargo Capital Finance said it recently provided a $650,00 facility to a California-based manufacturer and importer of women’s apparel.

A young company growing due to large orders for their in-demand designer label found itself in need of additional working capital to support the large orders it was anticipating from several big box retailers.

Wells Fargo Capital Finance’s Purchase Order Finance Group was able to structure a facility to support its purchase orders that works alongside the company’s existing factoring facility. In addition, the purchase order financing facility may be expanded to support the company’s future orders from additional retailers.